Date: Sat, June 28, 2025 | 07:40 PM GMT
The cryptocurrency market is making a steady recovery as Ethereum (ETH) rebounds sharply, jumping from its recent low of $2,113 to climb near the $2,425 level. Riding this renewed momentum, memecoins are also bouncing — including Pepe (PEPE).
PEPE is currently posting daily gains of over 5%, and a key harmonic pattern on the 4-hour chart suggests that this move might just be getting started.
Harmonic Pattern Signals More Upside
On the 4-hour chart, PEPE is forming a Bullish Gartley harmonic pattern — a structure often known for predicting short-term continuation moves before hitting a reversal zone. Despite its name, this pattern can offer strong bullish opportunities as price progresses toward the D point.
The structure began at the local high of $0.00001156 (point X), with the price then plunging to $0.0000083 (point A), forming the XA leg. After rebounding to $0.000010 (point B) and then pulling back again to $0.0000089 (point C), PEPE has begun its upward CD leg, signaling a potential climb toward completion.
What’s Next for PEPE?
If the pattern plays out, PEPE could target $0.00001086 — the 78.6% Fibonacci retracement of the XA leg — as the immediate upside. This would represent a roughly 13% rally from current levels. If the broader crypto sentiment remains bullish, the price could extend further to the 1.0 Fibonacci projection at $0.00001156, translating to a 21% potential upside.
However, a failure to hold above the $0.00000893 support area could invalidate the bullish outlook in the short term, opening the door to further consolidation or even a pullback before any sustainable rally resumes.
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